For the UK's 22 million beleagured savers, the Bank of England's Bank Rate increase from 0.25 to 0.5 per cent has been a long time coming. However, for those waiting in eager anticipation of an improvement in their deposit rates, the disappointment is not over. According to Moneyfacts, just 20 out of some 100 providers has lifted interest rates on their savings products since the Bank's announcement, and not all of these will pass on the full 0.25 per cent increase. For example, Barclays, Halifax and Lloyds have not decicated if they will implement the increase. Among the larger names, only National Savings & Investments (NS&I) and Coventry Building Society have passed the increase to their savers.
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